FALSE: Forex at P1.50 to P2 per dollar during Marcos years
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Official data shows the peso-dollar exchange rate was already at P3 in 1965, and it further depreciated throughout Marcos’ term
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FALSE: Forex at P1.50 to P2 per dollar during Marcos years
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Your Daily Dose on X: The Marcos Myth that the peso-dollar exchange rate was 1Peso=$1 under Marcos is FALSE. In 1965 when Marcos became president it was $1=P3.9. In 1972 under ML